Gaming Innovation Group (GIGI) has released an update.
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Gaming Innovation Group Inc. (GiG) has announced a shareholder meeting for September 23, 2024, to propose the restructuring of the company into two entities: GiG Media and GiG Platform, the latter of which will become an independent public company via a Spinoff. Shareholders will receive one Norwegian Depositary Receipt for each GiG share they hold, reflecting ownership in the new GiG Platform business. Preliminary third-party analyses suggest GiG Platform could be valued at 14% of GiG’s total pre-Spinoff value.
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